May 03, 2023 / 07:30AM GMT
Operator
Welcome to Lassila & Tikanoja's first-quarter result webcast. The webcast is hosted by L&T's CEO Eero Hautaniemi and CFO, Valtteri Palin. (Operator Instructions) Thank you very much. Eero, please go ahead.
Eero Hautaniemi - Lassila & Tikanoja plc - President & CEO
Thank you, [Inka]. Welcome also on my behalf to this first-quarter earnings release. Few highlights, we had a good start for the year. Especially, I'm happy for the facility services Finland's performance in the first quarter compared to the previous year. We actually made a positive EBIT on the first quarter, which is typically a very challenging quarter for especially property maintenance. Also, our net cash flow from operating activities after investments was EUR0.50 compared to minus EUR0.16 previous year.
When we look at topline development, we can see that in environmental services, industrial services and facility services, Sweden, we had growth but as planned in facility services, Finland, our net sales declined somewhat. And this was due to the fact that we terminated
Q1 2023 Lassila & Tikanoja Oyj Earnings Call Transcript
Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis | |
30-Year Financial on one screen | |
All-in-one Stock Screener with unlimited filters | |
Customizable Stock Dashboard | |
Real Time Insider Trading Transactions | |
8,000+ Institutional investors’ 13F holdings | |
Powerful Excel Add-in and Google sheets Add-on | |
All data downloadable | |
Quick customer support | |
And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot